Quote from: freedomno1 on March 11, 2015, 11:48:57 PM

Quote from: AlcheMinerIR on December 16, 2014, 05:13:23 PM

As you probably know, a low BTC/USD price and a low LTC/BTC rate has made it hard to get a decent margin on the machines. In addition, the mask cost was high and that cost still needs to be recouped. Despite these issue, the company is still getting more customers and word of mouth is spreading. The company hopes distribute a dividend to shareholders in the future, but the initial outlay needs to be earned back first.

Curious what happened to the initial outlay, the February post said the company is still in a holding pattern
Can I assume the coins are still held and not being spent ?
(Oddly enough a better strategy considering the price kept dropping than buying equipment)

I personally don't have the financial information, but it has been communicated to me that the IPO funds were used for the design and manufacturing costs. That was the point of the IPO overall; as a point of reference, nearly all of the funds (approximately 99.1%) were raised outside of Havelock.

With the demise of some Scrypt manufacturers and the consolidation towards cloud mining, AlcheMiner remains one of the few companies catering to the small and middle-size consumer. We're hoping that the sale, offering 768 MH/s for $3780 shipped will spur sales and provide a good cost basis for Scrypt miners.